No.
It's an expression of mental, moral, and spiritual derangement and perversion.
Actors in all plays in ancient Greece were exclusively male.
Female characters? Why, played by men of course.
Granted ancient Greece had its share of deviant, effeminate men behaving horrifically. But presumably it wasn’t as if those types managed on any given year to overrun Athens’ version of the Tony Awards.
Caricaturing women, AKA drag, is an art form, not unlike blackface. Selective definitions. Now “art” is the latest term the left wants to destroy.